DWF Ventures: Interpreting the 4 most popular NFT token trends

Author: DWF Ventures Source: X, @DWFVentures Translation: Shan Ouba, Golden Finance

NFT field The "NFT Summer " ushered in a boom in 2021 and reached its peak in early 2022. Since then, however, there has been a significant decline in activity.

However, with the token issuance of @pudgypenguins and @Azuki, the popularity of NFT has increased recently. rebounded.

Let’s take a deeper look at the recent NFT token trends.

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Key Points

1. Although the past two The NFT field has slowed down in 2019, but developers are still actively building to create more added value for their ecosystem(such as launching new tokens and new chains).

2. "Infrastructure layout" has become a new trend in OG NFT projects. Pudgy Penguins (L2), Azuki (L3), BAYC (L3) and Memeland (L2) have entered the infrastructure field to create new blockchain networks. BAYC and Memeland, in particular, decided to build their own new chains just a few months after launching their tokens.

3. The recent issuance of $PENGU and $ANIME may inspire other NFT projects to follow suit. Therefore, we may see more NFT projects launch new tokens in the coming year.

Key NFT projects

In order to better understand the current situation In the NFT ecosystem, we will conduct an in-depth analysis of the following projects and their token strategies: Pudgy Penguins, Azuki, BoredApeYC and Memeland strong>.

Pudgy Penguins

Pudgy Penguins has two related generations Coins: $PENGU (community/meme token) and @Abstract_Eco (L2). In December 2024, $PENGU was launched on Solana, with over 50% of the tokens distributed to the community via airdrops. Affected by the anticipation of airdrops, the floor price of Pudgy NFT once reached a record high of 35 ETH. As of now, according to @Dune data, $PENGU has 615,000 on-chain currency holders.

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AbstractChain is a consumer-oriented zk-rollup L2, formerly known as Frame, which was later acquired by @IglooInc. Although the relevant tokens have not yet been issued, the Abstract and Pudgy communities are full of expectations for the Abstract mainnet plan to be launched in the first quarter of 2025.

Azuki

@Azuki launching this month @animecoinToken. Following the announcement, its NFT floor price increased by 2 ETH. $ANIME is tied to AnimeChain, an anime-focused L3 chain (built on Arbitrum Orbit). Similar to $PENGU, $ANIME plans to distribute over 50% of its tokens to the community. With the exception of the company and team/advisor portion, the remaining tokens will be fully unlocked upon release.

Memeland

@Memeland is a game company focusing on Web3 Room, has launched multiple games and NFT series. In April 2023, Memeland launched the $MEME token and covered all of Memeland’s NFT series, including MVP, Captainz, and Potatoz, via airdrop.

A year later, Memeland launched Memenet, an L2 network based on Ethereum.

BAYC

@yugalabs is from the NFT series @BoredApeYC and MAYC The company behind it. In May 2022, they launched @apecoin, the first blue-chip NFT token on the market. $APE is the governance and utility token used within the APE ecosystem.

In September 2024, they also launched ApeChain, an @arbitrum Orbit L3 network similar to @Azuki's AnimeChain. In line with $APE’s strategy, ApeChain is a new chain released a few months after the token’s launch.